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Assuming the interest rate is 5%, what is the present value of a $750 payment you will receive in: a) 1 year? PV factor (5%,

Assuming the interest rate is 5%, what is the present value of a $750 payment you will receive in: a) 1 year? PV factor (5%, 1 year) = 0.9524 b.) 3 years? PV factor (5%, 3 years) = 0.8638 c.) 7 years? PV factor (5%, 7 years) = 0.7107

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